Core Announcement – Order Details
Awarding Entity: Leading hyperscaler
Domestic/International Order: International entity
Nature of Order/Contract:
Long Term Supply Agreement for allocation of high density optical fibre cable products to be supplied as per customer specification.
Order Value:
Approximately USD 288 Million
Materiality Context:
Not Specified
Execution Timeline:
Three calendar years (CY27 to CY29), which can be extended by further two years with mutual consent of the parties.
Revenue Recognition / Billing Structure:
Purchase orders will be released periodically during the contract period.
Key Terms & Payment Milestones:
The agreement establishes a reciprocal risk-sharing framework by defining mutual, capped financial liabilities for both parties in the event of demand shortfalls or supply capacity shortages.
Whether Related Party Transaction:
No
Promoter Group Involvement:
No
Financial Implication:
Not Specified